Do I need a separate emergency fund?

If someone has sizable taxable and tax deferred accounts and no mortgage, do they need to maintain a separate emergency fund? Would it be better to have that money invested in a taxable account making money instead? If my taxable account is big enough to cover several years of expenses, what would be the point? Money in my taxable can be transferred to my local checking account in a day or so if needed. I have never understood the logic of a separate emergency fund if your taxable account is of sufficient size to cover nearly any unforeseen circumstances. Does the EF only apply to those with smaller margins of safety? Am I missing something?

Hi. I have been reading many posts and have taken some advice, but thought I would post my situation to get some advice and financial planning. I started a new job and have am now eligible for the 401k program. Given my IRAs and now 401k, I wanted to see have I can improve or change my future o...

Warning: potential "mental accounting" ahead in this theoretical example.Say you've got two bank accounts: an emergency fund of $20,000 and a separate, general purpose savings account. You want to buy a boat for $10,000, so you start saving $2,000 every month in the general purpose account. You...

I have been running with a too-small emergency fund for many years. I have been throwing extra cash into my ROTH. I know the emergency fund is too small, over the last 18 months have started growing the emergency fund. But I still only have about 3 months expenses in cash outside of retirement...

I recently opened a small business with a partner (yay!). We are still getting ourselves settled and trying to get to a point where we feel secure about the cashflow. We're going to be asking for a line of credit once we've got a little cashflow history to show the bank, but we agreed to build up...

Howdy all,Need some additional input.I am looking at parking part of my emergency fund in a bond fund. (One third or maybe up to half.)Would some of you recommend one Fidelity fund and one Vanguard fund?Thanks.

I've kept an emergency fund of roughly six months expenses held in a savings or MM account ever since I started working and set up my finances. Looking back on that now, though, the tiny returns on cash have been a real drag on my portfolio. Do I even need a separate cash allocation for emergenci...